India Automotive Aftermarket Industry Report: By After Market Products and Services Type, By End Users Type, By Distribution Channels, Based On Geography with COVID-19 impact | Forecast Period 2017-2030

India Automotive Aftermarket Industry Outlook 2017-2030

Market Overview

The impulsive progression in India’s automotive market has captured the attention and focus of the world’s leading automobile and component manufacturers over the last decade. Rising working population & growing middle class are anticipated to remain key growth drivers for automotive industry in the country. Further, government’s initiatives for e-mobility are expected to attract new market players in the Indian automotive industry which is likely to expand the automotive industry growth. There has been a gradual shift in the development of India’s automotive aftermarket.

Goldstein Market Intelligence has commenced several recent projects to help automotive industry players to adopt and develop the precise strategies to effectively capture the India aftermarket opportunities. Further, India is developing as global hub for auto component sourcing and its geographical location has provided the advantage to expand its export base to South East Asian countries and Middle East & Africa region. However, presence of large number of unorganized market players is eh key factor for the stagnant automotive aftermarket growth. India is the largest tractors market and second largest two wheelers market which holds the largest growth opportunities for the market players. Automotive aftermarket revenue of India region accounted for approximately USD 14.2 billion in 2017 or about 8.0% of total Asia Pacific automotive aftermarket industry revenues. Further, the automotive aftermarket industry is likely to expand at a CAGR of 7.6% over the forecast period i.e.2017-2030.Based on the after-market products and services, wear-and-tear parts accounted for the largest revenue share of more than 61% in automotive aftermarket industry. On the other hand, services segment is the fastest growing segment which is likely to expand at a CAGR of +9% over the forecast period.

India Automotive Aftermarket Market Segmentation

By After Market Products and Services Type

• Wear-and-Tear Parts
• Crash-Relevant Parts
• Accessories and Appearance Products
• Diagnostics Products
• Services (Fleet Management etc.)

By End Users Type

• Service Providers (Telematics, Fleet Management etc.)
• Independent Workshops
• Automotive OEM Workshop

By Distribution Channels

• Offline Distribution Channel
• Online Distribution Channel

Based On Geography

• Tier-I Cities Automotive Aftermarket Industry
• Tier-II Cities Automotive Aftermarket Industry
• Tier-III Cities Automotive Aftermarket Industry

Covered In This India Automotive Aftermarket Industry Report

The report covers the present ground scenario and the future growth prospects of the automotive aftermarket for 2017-2030 along with the market players’ analysis. We calculated the market size and revenue share on the basis of revenue generated from major players in all major countries. India automotive aftermarket market is forecasted on the basis of revenue analysis, product benchmarking and strategic developments of key market players.

India Automotive Aftermarket Market Outlook 2017-2030, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the India automotive aftermarket industry space. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. “India Automotive Aftermarket Industry Report” also recognizes value chain analysis to understand the cost differentiation, pricing models to provide competitive advantage to the existing and new entry players.

COVID-19 impact on "India Automotive Aftermarket Industry"

The report analyses and includes complete detailed chapter of 50-70 pages about the short term & long terms impact of COVID-19 outbreak on each segment of "India Automotive Aftermarket Industry" along with government measures to support the sector. It also showcases the current market landscape during COVID, impact of the virus on leading companies, expected demand schedule and supply chain in the industry and other various major factors. This will help you identify those companies that may benefit from this pandemic as well as those that will lose out.

Key Market Intelligence

Our India Automotive Aftermarket Industry Report comprises of the following companies as the key players:

• Tata Auto Component Systems
• Minda Industries Limited
• 3M
• Continental AG
• Delphi Automotive PLC
• Denso Corporation
• Federal-Mogul Corporation
• Magneti Marelli S.p.A.
• Goodyear Tire & Rubber Company
• ZF Friedrichshafen AG
• COOPER TIRE & RUBBER COMPANY
• Robert Bosch GmbH.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this India Automotive Aftermarket Industry Report

• What is the total market size by 2030 and what would be the expected growth rate of market?
• What is the total revenue per segment and region in 2016-17 and what would be the expected revenue per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry level players?
• What are the recent developments and business strategy of the key players?

Reasons to buy this market study

• Facilitate decision-making based on strong historic and forecast data for automotive aftermarket industry
• Develop strategies based on the latest regulatory framework
• Position yourself to gain the maximum advantage of the automotive aftermarket industry’s growth potential
• Identify key partners and business development avenues across the globe
• Respond to your competitors’ business structure, strategy and prospects